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Dexit: Business Leaving Delaware for More Favorable Legal Environments

Posted on March 3, 2025 by admin

INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.

Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Tamara Kurtzman.

The Tamara Kurtzman Commentaries

Everyone has heard of Brexit –– but there is another exodus movement taking place a lot closer to home, this time in corporate America. Known for its business-friendly laws, Delaware is the legal home to roughly 2 million entities, including nearly two-thirds of Fortune 500 companies. Indeed, an enormous percentage of the state’s revenue is generated by corporate fees and taxes. However, in recent years companies have increasingly become frustrated with the legal decisions coming out of the Court of Chancery and the challenges of working with local attorneys often unfamiliar with the intricacies of a particular company or shareholder concern. Specifically, in recent years the decisions of the Court of Chancery have become seen by many as increasingly arbitrary and politicized. Simply put, many companies have come to view Delaware as an unstable place to legally base their business. At the same time, states like Nevada and Texas have seized on this opportunity by offering increasingly attractive legal environments and a wider range of counsel.

 

 

Ms. Kurtzman received her undergraduate degree from the University of Chicago, with honors, and subsequently graduated cum laude from Case Western Reserve University School of Law where she received her juris doctor. While attending Case Western Reserve University School of Law, Ms. Kurtzman served as both an associate member and, subsequently, as Editor-In-Chief of The Internet Law Journal.

Before founding TMK, Ms. Kurtzman served as a partner in a California general-practice law firm specializing in corporate representation where she co-chaired, among other divisions, both the firm’s commercial contracts and litigation practices. Ms. Kurtzman has been featured in:

  • The Wall Street Journal
  • The Los Angeles Business Journal
  • Bloomberg News
  • Law360
  • The Daily Journal
  • Los Angeles Lawyer
  • Inside Counsel
  • Westlaw’s Sports & Entertainment Journal
  • The Beverly Hills Courier
  • Backstage
  • The ABA Journal
  • The Hollywood Times
  • Business Law Today
  • The Journal of Internet Law
  • Corporate Counselor
  • Price of Business

In 2012, Ms. Kurtzman was named one of 50 attorneys on the “Fast Track” to becoming the country’s top lawyers and leaders. In 2013, Ms. Kurtzman was inducted into the Beverly Hills Bar Association’s Order of Distinguished Attorneys. In 2017-2021, each year Ms. Kurtzman was selected to SuperLawyer’s Southern California Rising Stars list; each year, less than 3% of the lawyers in the state are selected by the research team at Super Lawyers to receive this honor. Also in 2019, Ms. Kurtzman was named one of the Up-and-Coming 50 Women Southern California Rising Stars by SuperLawyers. In 2015, Ms. Kurtzman became one of the youngest adjunct law professors in the state and, over the years, Ms. Kurtzman has taught pretrial litigation practice and business organizations to numerous classes of law school students. In both 2023 and 2024, Ms. Kurtzman was selected to SuperLawyer’s Southern California Super Lawyer list which recognizes the top 5% of attorneys in each state.

Born and raised in Los Angeles, California, in her spare time Ms. Kurtzman practices Krav Maga and is an avid sabre fencer and bagpiper. Ms. Kurtzman also serves on the Board of American Family Housing, an organization providing long-term housing solutions for formerly homeless veterans and families.

Learn more at www.tmkattorneys.com.

 

Connect with Tamara Kurtzman on social media:

LinkedIn: https://www.linkedin.com/in/tamara-kurtzman-2b540615

 

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